Additional resources

05.08.2015 - Confidence in the Fed raising interest rates in September has increased

05.08.2015 - Confidence in the Fed raising interest rates in September has increased

Currency
trading and the euro. The price of euro accelerated decline yesterday against
the strengthening of the US dollar after the release of important data and
comments by the Fed official Lockhart. Thus, Mr. Lockhart said that the Fed is
close to raising interest rates and can delay it only in case of substantial
deterioration in the data. Statistics on the volume of factory orders in the
US, which grew by 1.8% in June, against a drop of 1.1% in May, was able to
neutralize the positive effects of positive statistics from Spain, where the
number of unemployed fell in July at 74 thousand against expected 45,6 thousand.
Today, will be released important statistics on service PMI of the Eurozone (08:00
GMT), the Eurozone retail sales (09:00 GMT), the trade balance (12:30 GMT) and
non-manufacturing PMI in the US (14:00 GMT). Our medium-term outlook remains
negative and we recommend holding short positions.

Currency
trading and the British pound. The price of the British pound yesterday showed
a decline, which was due to the strengthening of the US dollar and weak statistics
from the construction sector. Thus, the construction PMI fell to 57.1 in July, 1.5
below expectations of experts. Despite this, representatives of the
construction companies are optimistic about the future prospects of the sector.
Investors are waiting for tomorrow's statement of the Bank of England, which for
the first time will be released together with the minutes of the meeting and
the outlook for the economy of the country. We expect a drop in prices in the
near future and maintain the medium-term negative outlook.

Currency
trading and the Japanese yen. Quotes of the yen continued to fall against the
background of growing investor confidence in the Fed raising interest rates in
September, after a speech by the Fed official Lockhart. Tomorrow the course of
trading will be affected by the data on the index of leading economic
indicators in Japan. Activity will be limited due to the anticipation of the
important statistics on the US labor market on Friday. Given the loose monetary
policy of the Bank of Japan and the expectation of a stronger US dollar, we
maintain a medium-term negative outlook on the Japanese yen.

Currency
trading and the Australian dollar. The price of the Australian dollar after
strong growth caused by the decision of the Reserve Bank of Australia to keep
interest rates at 2.00%, resumed the downward movement due to technical
factors, and the strengthening of the US dollar. Tomorrow, the dynamics will
depend on the important statistics on the level of employment in the country. According
to our estimates, the recent growth has been a correction, and we expect a
continuation of the negative dynamics of prices in the near future. Our
medium-term outlook remains unchanged.

Currency
trading and the New Zealand dollar. The price of the New Zealand dollar
continued to gradually decline against the strengthening of the US dollar and
weak statistics on the labor market in the country. Thus, the unemployment rate
rose in the second quarter by 0.1% to 5.9% in line with expectations of
analysts. On the other hand, employment grew by only 0.3%, which is 0.2% worse
than forecast. According to our estimates, the price decline will continue in
the near future and medium term.

PAMM accounts

Market Info

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’

LEGAL: ‘fxfinpro.com’ is a domain owned and operated by ‘PFX Financial Professionals Limited’, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840, having its principal place of business at 82 Nikou and Despina Pattichi Avenue, Maritania Court, Office 101, Kato Polemedia, 3070 Limassol, Cyprus. ‘PFX Financial Professionals Limited’ is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under license number 193/13. ‘PFX Financial Professionals Limited’ operates in accordance with the Markets in Financial Instruments Directive (‘MiFID’) of the European UnionRESTRICTED REGIONS: PFX Financial Professionals Limited does not provide services to citizens of the USA, Canada, Japan, Belgium, North Korea, or Iran

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’

LEGAL: ‘fxfinpro.com’ is a domain owned and operated by ‘PFX Financial Professionals Limited’, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840, having its principal place of business at 82 Nikou and Despina Pattichi Avenue, Maritania Court, Office 101, Kato Polemedia, 3070 Limassol, Cyprus. ‘PFX Financial Professionals Limited’ is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under license number 193/13. ‘PFX Financial Professionals Limited’ operates in accordance with the Markets in Financial Instruments Directive (‘MiFID’) of the European UnionRESTRICTED REGIONS: PFX Financial Professionals Limited does not provide services to citizens of the USA, Canada, Japan, Belgium, North Korea, or Iran

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.